Morgan Stanley Maintains Equal-Weight on Equity Residential, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Kramer maintains an Equal-Weight rating on Equity Residential (EQR) and raises the price target from $68 to $70.
May 14, 2024 | 4:52 pm
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Morgan Stanley has maintained its Equal-Weight rating on Equity Residential and increased the price target from $68 to $70, indicating a positive outlook on the stock's value.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive outlook on EQR's stock value, potentially leading to increased investor confidence and a short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100